The month of June has seen the USD/MYR trade within a solid range between 1.2500 and 1.2800 and this consolidated value is an attractive trading opportunity for those who can manage their risk properly.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The Pakistani Rupee continues to test important resistance and interestingly has developed a consolidated range this week.
With the global economy in a recession, which started in 2019 with a manufacturing-led contraction, magnified by the Covid-19 pandemic in 2020, Singapore remained the most competitive economy for a second consecutive year.
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Mexican President López Obrador is under intensifying criticism for his government’s strategy in response to the Covid-19 pandemic.
Housing starts and building permits data out of the US disappointed yesterday, recovering less than economists predicted.
Silver markets have initially fallen a bit during the trading session on Wednesday but found buyers underneath near the $17.50 level.
The US dollar has pulled back a bit against the Indian rupee during the Wednesday session, but quite frankly on Tuesday, we had broken out just enough to get through some minor resistance.
During yesterday's trading, the GBP/USD pair attempted an upward correction.
The Dax Index has continued to achieve gains in trading early this morning.
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While the USD/MXN trades in a rather well-practiced range, what looks particularly interesting is that resistance up above seems to have shown signs of becoming stronger and is causing reversals.
The British pound initially tried to rally during the trading session on Tuesday, and even stretched all the way to roughly 1.27.
The Australian dollar has gone back and forth quite a bit during the trading session on Tuesday, as we initially tried to reach towards the 0.70 level
Pakistan changed its Covid-19 strategy to limit economic damage.
Most economies around the world are struggling to find a solution to the global Covid-19 pandemic, which initiated a recession likely to last longer than market participants price.
Yesterday’s retail sales recovery out of the US for May spiked the US Dollar temporarily.